Articles categorized by: Economy & Companies

Constellation Brands promotes Bill Newlands to President

Constellation Brands, Inc., leading beverage alcohol company, today announced that Bill Newlands has been promoted to President and Chief Operating Officer (COO). Rob Sands, who previously held the role of President and chief executive officer (CEO), will continue to serve as the company’s CEO. “Constellation Brands’ success story is over 70 years in the making […]

BP and Shandong Dongming to develop branded retail fuel and convenience stores in China

BP and Shandong Dongming Petrochemical Group (Dongming Petrochemical) announced the signing of joint venture agreements to develop a leading branded retail fuels and convenience business covering the Chinese provinces of Shandong, Henan and Hebei. The partnership with Dongming Petrochemical is expected to start operations in 2018 and the network is expected to grow to 500 […]

Alibaba acquires 33% of Ant Financial

Alibaba Group Holding Limited (Alibaba)and Ant Small and Micro Financial Services Group Co., Ltd.(Ant financial)have agreed today that Alibaba will acquire a 33% of the total capital equity of Ant Financial. The transaction will take place under the 2014 agreements previously signed on this matter by both companies with some ammendments still pending from the […]

Carrefour announces new retail and digital partnerships in China

Carrefour has unveiled a potential investment by Tencent and Yonghui in Carrefour China as well as a strategic cooperation agreement with Tencent in China. Both announcements were made by Alexandre Bompard, Chairman and CEO of the Carrefour Group, during the “Carrefour 2022” strategic plan launch. All these investments and alliances are framed into the actions […]

IAG offer for NIKI fails

International Airlines Group (IAG) announced today that their bid for Niki was unsuccessful, so the holding will not purchase the Austrian airline at the end. IAG shows disappointed for the fail of its offer and explains how January 12th, 2018 NIKI insolvency proceedings opened in Austria initiating a new sales process. IAG resubmitted its bid […]